Article: Pranda Jewelry to consolidate, seek foreign partner, NATION

KWANCHAI RUNGFAPAISARN
The Nation (Thailand)
08-24-1998
PRANDA Jewelry Plc, one of the largest local jewellery manufacturers
and exporters, plans to offer a minority stake to foreign investors and
consolidate its local business by cutting unprofitable business units,
said chairman Preeda Tiasuwan.

Preeda said the company is negotiating with foreign investors
interested in acquiring a stake in Pranda Jewelry. The group requires new
capital from a joint venture to expand its retail and wholesale outlets
in markets such as Asia and the Middle East.

''We want to expand our retail and wholesale outlets for gold
jewellery in the period of economic downturn as we can take benefit of
the difficulty period ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!